Hotels, Motels & Cruise Lines
Jinling Hotel Corp Ltd:To use undistributed profits to pay cash dividend of 0.4 yuan per 10 shares (before tax) to shareholders for 2014.
Wyndham Worldwide Corp announces a new unsecured credit facility and completes a $350 million term securitization
Wyndham Worldwide Corp:Closes of a new $1.5 bln revolving credit facility to replace its existing $1.5 bln facility, which had been scheduled to mature in July 2018.Maturity date of the new facility is July 2020.Company maintained its existing $750 mln U.S. and $500 million European commercial paper programs.There is no change to the company's overall corporate debt balance as a result of this transaction.J.P. Morgan Securities LLC and Merrill Lynch, Pierce, Fenner & Smith Incorporated acted as Joint Bookrunners for the new revolving credit facility.Bank of America, N.A. will be acting as administrative agent for the new revolving credit facility.In addition, the company completed a term securitization transaction involving the issuance of $350 million of asset-backed notes.Sierra Timeshare 2015-1 Receivables Funding LLC issued $276 million of A rated notes and $74 million of BBB rated notes.Notes were backed by vacation ownership loans and had coupons of 2.40 pct and 3.05 pct, respectively, for an overall weighted average coupon of 2.54 pct.Advance rate for this transaction was 90 pct.
The Leofoo Development Co Ltd:To use undistributed profits to pay cash dividend of T$0.17446274 per share to shareholders for fiscal year 2014.To pay cash dividend of T$57,614,751 in total.
Saigon Hotel Corp:Not to pay FY 2014 dividend.Sees net revenue of 36 bln dong and pretax profit of 5.508 bln dong for FY 2015.
Dalata Hotel Group PLC:Announces that it has completed the acquisition of the Holiday Inn Belfast.
Regal Hotels International Holdings Ltd:Resolved to recommend payment of final dividend of HK12.0 cents per ordinary share for year ended Dec. 31, 2014, representing increase of 11.1 pct over final dividend of HK10.8 cents per ordinary share paid for last financial year.Will be payable to holders of ordinary shares on register of ordinary shareholders on June 11.
Miramar Hospitality Co Ltd:To use undistributed profits to pay cash dividend of T$0.15 per share to shareholders for fiscal year 2014.To pay cash dividend of T$5,643,750 in total.